Bitcoin Spot ETF applications were approved by SEC. and marked a milestone not only for Bitcoin but also for the whole cryptocurrency industry.
Now, it is another big narrative and hope come with us: Ethereum Spot ETF applications and chance for them to be approved by SEC.
The idea of narrative is SEC. approved Bitcoin Futures ETF then Ethereum Futures ETF, like Bitcoin first, Ethereum next. They refused many Bitcoin ETF applications before losing in a court and forcefully by the court and current existent laws in the USA, to approve Bitcoin Spot ETF applications.
So, with this logic, with engagement of court, it seems SEC. will have no reason to reject Ethereum Spot ETF applications.
Here is a table of those applications.
It is not the only reason to be bullish with Ethereum. It is deflationary (see the website below).